My mortgage is eating me alive. I go through hardship contained by November and have be trying to get fund on my feet. I wage $2,500 a month. My idea be to rent my home for $1200 a month (which is good for this area), and remuneration the difference. I have found a smaller place and a roomate, so I would acutally be in your favour about $700 a month. The solitary HUGE drawback is that I know it is risky renting out to strangers. Way back when I used to rent an apartment, I have issues with my landlady, who seem to rip everyone off, so I familiarized myself near landlord/tennant laws. However, I know book smarts cant compare to the concrete deal, so I want opinion from people who hold actually rented their homes.
What experiences did you ride out? How complicated is it to evict someone if the deal go sour (they dont pay rent, trash the place...etc.)? What precautions did you whip to protect yourself? Was it worth it in the back? Who would you rent to (family, college students...)?

What are mechanics liens & who would

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The principal thing is to vet the tennent get hold of references and do a credit check...
I be in charge of 300 apts and houses people enjoy trashed the houses ripped out the plumbing when leaving to market copper for scrap dos shite everywhere departed cats etc you name it low lives hold done it so make sure you check them out or procure a property manager to rent it their monthly fees may be worth it to you

Where can I find out more information

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Answers:    My suggestion would be to find a property management company. They will pre-screen your renters and appropriate care of rent collection and maintence for a percentage of the rent.

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